Borrower or Borrowers definition

Borrower or Borrowers means to the person or persons that are obligated as borrowers under the Loan Documents.

Borrower or Borrowers as defined in the preamble hereto.

Borrower or Borrowers means, individually or collectively as the context may require, each Initial Borrower and each New Borrower that executes a Joinder Agreement and thereby becomes a Borrower hereunder pursuant to the provisions of Section 7.21.

Examples of Borrower or Borrowers in a sentence

• In no event shall the replacement of an Affected Bank impair or otherwise affect the obligation of the applicable Borrower or Borrowers to make the payments demanded by such Affected Bank pursuant to this Section 2.10 and, if applicable, Section 8.04(b).

• Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from Borrower Representative as a notice or communication from all Borrowers, and may give any notice or communication required or permitted to be given to any Borrower or Borrowers hereunder to Borrower Representative on behalf of such Borrower or Borrowers.

• In connection with any such assignment or participation, Foothill may disclose all documents and information which Foothill now or hereafter may have relating to Borrower or Borrower's business.

• In connection therewith, Bank may disclose all documents and information which Bank now or hereafter may have relating to Borrower or Borrower's business.

• If any such increase in capital or liquidity requirement is attributable to specific Advances made to a particular Borrower or to the Allocated Commitments to a particular Borrower or Borrowers, compensation for such increase in capital or liquidity requirement shall be paid by such Borrower (or if such Borrower is CIF or CFKK, by CFSC).

More Definitions of Borrower or Borrowers

Borrower or Borrowers means, individually or collectively, The Sports Club Company, Inc., The Spectrum Club Company, Inc., Pontxxx Realty, Inc., Sports Club, Inc. of California, Irvine Sports Club, Inc., The SportsMed Company, Inc., L.A./Irvine Sports Clubs, Ltd., Talla New York, Inc., SCC Sports Club, Inc., Green Valley Spectrum Club, Inc., Spectrum Club Anaheim and any subsequent Person who becomes a Borrower pursuant to the terms hereof.

Borrower or Borrowers has the meaning set forth in the first paragraph of this Agreement.

Borrower or Borrowers means each Original Borrower and Diodes BV.

Borrower or Borrowers means, individually or collectively, The Sports Club Company, Inc.; The Spectrum Club Company, Inc.; Pontxxx Realty, Inc.; The SportsMed Company, Inc.; LA/Irvine Sports Clubs, Ltd.; Talla New York, Inc.; SCC Sports Club, Inc.; Spectrum Liquidating Corp.; Canoga Agoura Spectrum Club, Inc.; Irvine Sports Club, Inc.; Green Valley Spectrum Club, Inc.; The Sports Club, Inc. of California; TVE, Inc.; Spectrum Club Anaheim, a California Corporation; SF Sports Club, Inc.; Washington D.C. Sports Club, Inc.; HFA Services, Inc.; and NY Sports Club, Inc. and any subsequent Person who becomes a Borrower pursuant to the terms hereof.

Borrower or Borrowers. : means Primary Borrower, together with each Subsidiary Borrower, as the same exist from time to time, and subject to the restrictions on assignment and transfer contained in this Agreement, the successors and assigns of each such Person.

Borrower or Borrowers as defined in the preamble of this Agreement. As of the EighteenthNineteenth Amendment Date, the Borrowers hereunder are (a) all Persons identified in the preamble of this Agreement as a Borrower, (b) Covenant Logistics, Inc., a Nevada corporation, (c) Landair Transport, Inc., a Tennessee corporation, (d) Landair Logistics, Inc., a Tennessee corporation, and (e) Landair Leasing, Inc., a Tennessee corporation, and (f) AAT Carriers, Inc., a Tennessee corporation. Borrowing: a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the same day. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve; or (b) the sum of (i) the Accounts Formula Amount, plus (ii) the Equipment Formula Amount, plus (iii) the Real Estate Formula Amount, minus (iviii) the Availability Reserve; provided however, that no Accounts or Equipment acquired in an Acquisition consummated by any Obligor after the Closing Date shall be included in any calculation of the Borrowing Base until completion of all field exams, appraisals, audits and other evaluation of Collateral in a manner and with results acceptable to Agent. Borrowing Base Certificate: a certificate, in form and substance satisfactory to Agent, by which Borrowers certify calculation of the Borrowing Base. Business Day: any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in North Carolina and New York, and if such day relates to a LIBOR Loan, any such day on which dealings in Dollar deposits are conducted between banks in the London interbank Eurodollar market. CAM: as defined in the preamble of this Agreement. Capital Expenditures: without duplication, all liabilities incurred, expenditures made or payments due (whether or not made) by an Obligor or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases, in each case calculated in accordance with GAAP, but, in each case, excluding (a) expenditures made in connection with the reinvestment of Net Proceeds of any Permitted Asset Disposition, (b) any portion of such expenditures attributable to acquisitions of capital assets in connection with a Permitted Acquisition, (c) interest capitalized during s...

Borrower or Borrowers is defined in the preamble to this Agreement.